What does the term -Ninja- mean which became a common word in the financial world after the US sub-prime crisis-

Question

Toppr Admin · Accepted Answer

Correct option is B- Borrower with no assets- no income or no jobThis is used to show a king of loan -Ninja loan- in which banks don-t keep sufficient collateral against the loan - such loans even ignore the prudential verification- They are non-standard -sub-prime loans-

What does the term 'Ninja' mean which became a common word in the financial world after the US sub-prime crisis?

Correct option is B. Borrower with no assets, no income or no job
This is used to show a king of loan (Ninja loan) in which banks don't keep sufficient collateral against the loan - such loans even ignore the prudential verification. They are non-standard (sub-prime loans.

What does the term 'Ninja' mean which became a common word in the financial world after the US sub-prime crisis?

Correct option is B. Borrower with no assets, no income or no jobThis is used to show a king of loan (Ninja loan) in which banks don't keep sufficient collateral against the loan - such loans even ignore the prudential verification. They are non-standard (sub-prime loans.

Correct option is B. Borrower with no assets, no income or no job
This is used to show a king of loan (Ninja loan) in which banks don't keep sufficient collateral against the loan - such loans even ignore the prudential verification. They are non-standard (sub-prime loans.